The National Directory of Certified Public Accountants

Ask A CPA - Capital Gains & Losses

Long Term Capital Gains - Taxed Differently Than Wage Income

Long-term capital gains are generally taxed at lower tax rates than those on wages and other ordinary income. In general, if you are in the 15% tax bracket, the long-term capital gains tax rate is 0% (tax free). If you are in tax brackets exceeding the 15% bracket, the long-term capital gains tax rate is 15%.

If you need professional help with "Capital Gains & Losses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.